E-cigarette regs give industry the vapors

The electronic cigarette industry, with millions of dollars at stake and little time to change Washington's mind, is lobbying hard to shield most of its products from federal oversight.

Tobacco giants and tiny vape shops alike want members of Congress to agree that e-cigarettes already on the market won't need federal approval in the future. A burgeoning, billion-dollar industry is at risk. Public health pressure groups counter that they are just trying to avoid regulation.

Time doesn't seem to be on the industry's side. The White House is vetting the first-ever regulations from the Food and Drug Administration for e-cigarettes, and a decision is expected by early next year.